Square Enix has returned to profitability, thanks to a combination of strong software sales and content sales in "growth areas such as the web and smartphones."
For the financial year ending March 31st 2012, the Japanese publishing giant posted net income of 6.06 billion Yen ($76m/£47m), compared with a 12.04 billion Yen ($150m/£94.14m) loss the year before.
Net sales for the 12 months to March 31st 2012 rose by 2.1 percent year-on-year, reaching 127.9 billion Yen ($1.6b/ £998.18m).
Although strong worldwide sales of HD titles such as Deus Ex: Human Revolution and Final Fantasy XIII: 2 boosted the Group's results, Square Enix president Yoichi Wada also credited the "continued expansion of content from growth areas such as the web and smartphones".
Breaking out sales of 'Digital Entertainment' (i.e. games) from the group's overall figures, the firm recorded net sales of 71.9 billion Yen ($901m/£560m) and an operating income of 12.6 billion Yen ($157m/£98.2m) up 11.9 per cent and 11.7 percent year-on-year, respectively.
Pointedly higher prices
Key mobile performers during the year included iOS versions of Final Fantasy Tactics, Lara Croft And The Guardian Of Light, Chaos Rings, and Chrono Trigger.
Unlike many of its competitors, Square Enix has doggedly held firm on its pricing strategy, with its iPad offerings typically priced over the £10 mark.
For the year to March 31st 2013, the Japanese publishing veteran is targeting "a substantial earnings improvement," with key new releases including Hitman: Absolution, Sleeping Dogs, Tomb Raider, and Final Fantasy 14.
The firm is forecasting a strong financial year ahead, with sales of 'digital entertainment' expected to rise 31.1 per cent to 103 billion Yen ($1.3b/£800m).
News
There's no such thing as 'not enough time' in Kristan's world. Despite the former Eurogamer editor claiming the world record for the most number of game reviews written before going insane, he manages to continue to squeeze in parallel obsessions with obscure bands, Norwich City FC, and moody episodic TV shows. He might even read a book if threatened by his girlfriend.
Top Stories
News
2 hours, 50 minutes ago
EU ruling gives Apple six months to bring iPadOS into line with DMA demands
News
4 hours, 33 minutes ago
Supercell CEO Ilkka Paananen joins LEGO’s board of directors days after Squad Busters’ soft launch
News
5 hours, 51 minutes ago
A Thinking Ape lays off staff across game design, software engineering, art teams and more
Feature
5 hours ago
King’s Paula Ingvar: a games industry journey from "I’m not worthy!" to Candy Crush Soda’s VP of product
Feature
9 hours, 10 minutes ago
Hot Five: Supercell’s Squad Busters levels up, retro Nintendo on iOS, and Genshin Impact’s worst month yet
News
Apr 26th, 2024
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 25th, 2024